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Granada Gold Mine Inc. V.GGM

Alternate Symbol(s):  GBBFF

Granada Gold Mine Inc. is a Canada-based junior mining and exploration company. The Company is engaged in developing and exploring its 100% owned Granada Gold Property near Rouyn-Noranda, Quebec, which is adjacent to the Cadillac Break. The Granada Gold Property is located five kilometers south of the mining community of Rouyn-Noranda, Quebec. The property includes the former Granada Gold underground mine. The Company owns about 14.73 square kilometers of land in a combination of mining leases and claims. This near-surface and underground gold deposit, with the added discovery of a Rubidium (alkali metal) deposit, is located 15 minutes from Rouyn-Noranda, Quebec.


TSXV:GGM - Post by User

Bullboard Posts
Post by taylor1988on Oct 20, 2011 9:57pm
371 Views
Post# 19168894

Granada Resource

Granada ResourceThanks to those who provided the DD on Van Eck and their GBB holdings. I never said living through 3-4 bear markets would not be beneficial to investment decisions, I simply said it's not a required asset to make money on small-cap stocks. How do I figure 2.5 million ounces? Seriously Andy, you're a "professional".. this is the last time us amateurs are going to do the homework for you. GBB has stated they have defined a structure of 1,200 metre strike, 600 + metre widths and on average about 150 - 200 metre depths. What will be included on the 43-101 are more conservative dimensions but none the less let's run through them again for you. 875 metre strike, 375 metre widths and 150 metre depths - I feel these dimensions are quite conservative given the fact they are 30% discounts to the current dimensions of the Granada deposit. Based on these dimensions and a rock density of 2.65 m3 as well as a grade of 0.6 g/t au, the deposit should contain somewhere between 2.4 and 2.6 million ounces of gold at a grade of 0.6 g/t au. Given the fact that the drill grade is underestimated by a factor of 2, GBB will be looking to mill this 2.5 million ounce resource as a grade of closer to 0.9 - 1.2 g/t au, the industry average for open pit mines in Quebec. Any other inquiries us amateurs can walk you through?
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